Sep 7, 2010 6:00am EDT
will join us. andrew ross sorkin, and eugene robinson, all coming up today on "morning joe." good lineup. >> we've got a very good lineup and a lot to get to. >> we'll start with the news. with the midterm elections fast approaching, president obama rolling out new finishives to boost the economy. and tomorrow in cleveland, the president will reportedly propose a permanent extension of tax credits for business owners to invest in research and development. also on the table a plan to allow companies to write off 100% of their investments in new plants and equipment through the end of next year. yesterday in milwaukee, the president announced a proposal to invest in new roads and railways. the $50 initiative is a six-year plan that would create a government-run bank to finance transportation projects. the white house says it would create jobs by improving and expanding $150,000 miles of the nation's roads, 4,000 miles of railways, and 150 miles of airport runways. although president obama says the plan will be fully paid for, and will not add to the deficit, republican leaders like john bo
Sep 7, 2010 7:00am PDT
. this is a mexican landfall in this storm and it's a u.s. problem. we'll show you pictures of galveston this morning, of the waves breaking in that area. all the way up the texas coast. well into texas, with the problems that will be texas flooding. here's a look at the rain. look at the yellow, the heaviest rain. and the center of circulation is west of corpus christi. there has been a big move on the storm toward the north. let's show you why it's not going to go away quickly. four to eight inches of rain. from laredo to corpus christi. austin, a little south of dallas as well. big-time texas flooding. watch hermine interact with this stalled front that's north. look at oklahoma, north texas, in the hill country here. we could have a good, solid of 10, 12 inches of rain that just stays put. nothing is going to kick this out until about thursday. we'll go over all the weather patterns. and again, watching the tropics, active. there's a little wave off the coast of africa. gaston has weakened. not a lot to talk about. we'll watch them all. george? >>> we're going to go now to the wildfires in colora
Sep 6, 2010 7:00pm PDT
for joining us for this labor day special edition. the jobs picture just keeps getting worse. tom, back in january, the economy was adding jobs and the recovery was gaining momentum. then europe's debt woes exploded and the global recovery came to a grinding halt. >> tom: susie, the latest employment numbers aren't much help. 54,000 jobs disappeared from u.s. payrolls in august, and the unemployment rate hit 9.6 >> susie: so how bad is the employment picture, and how long will it take to get back to where we were before the recession started? suzanne pratt puts it in perspective. >> reporter: it seems lately that signs like these are extremely hard to come by. even though the great recession may technically be over, the labor market is far from recovered. the nation's unemployment rate hit 10% late last year and has hovered just below there ever since. but economist dan greenhaus says that widely quoted number understates the magnitude of the job crisis and the inequalities within it. >> if you're an advanced degree white guy working not in construction, you're fine. it's like 4.5%. it'